ZAGREB (Croatia), August 22 (SeeNews) – The Vienna Insurance Group (VIG) said on Tuesday its first-half pre-tax profit from operations in Croatia increased 0.6% year-on-year to 4.3 million euro ($5.1 million).
Total gross written premiums of VIG's Croatian units - Wiener Osiguranje and Erste Osiguranje - grew by an annual 2.5% to 54.3 million euro in January-June, VIG said in its H1 2017 financial report.
Casco premiums rose 14.3% on the year to 2.9 million euro and other property insurance premiums jumped 28.0% to 11.3 million euro. On the other hand, the premiums of the motor third party liability sub-segment contracted 19.7% to 7.0 million euro.
VIG's premiums from regular life insurance on the Croatian market dropped 1.9% to 15.9 million euro, while single life insurance recorded a 1.8% decrease to 16.4 million euro. Health insurance saw premiums of 900,000 euro, compared to zero last year when the insurer did not provide the service in Croatia.
VIG, headquartered in Vienna, operates around 50 insurance companies in 25 countries in Europe, including Romania, Serbia, Moldova, Bulgaria, Albania, Macedonia, and Bosnia and Herzegovina.
($=0.848577 euro)